Listing Courtesy of: Sean Rosenzweig - Marcus & Millichap
$3,190,000 Down payment assistance icon Calculate Payment

5801 Packard St Los Angeles, CA 90019

Single Family Residence
13 Beds
Baths
Sq. Ft.
0.17 Acre Lot

Property Overview

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I am pleased to offer for sale an eight-unit apartment community located at 5801 Packard Street. The offering represents an excellent buying opportunity to acquire a stabilized asset with remaining value-add potential. Situated on a 7,239 square foot parcel, the property comprises of four one-bedroo...m units, three two-bedroom units, and one three-bedroom unit (The three-bedroom unit is currently a two-bedroom den with potential to convert to a three-bedroom). Current ownership has extensively renovated three of the eight units at the property including adding stainless steel appliances, new cabinetry, new flooring, quartzite counter-tops, new ceiling fans, and upgraded lighting and is achieving premiums over the average in-place rents: $924 for one-bedroom units and $721 for two bedroom units. Additionally, current ownership has already completed the seismic retrofit work. Continue reading
MLS#
21-677840
Property Type
Single Family
Bedrooms
13
Year Built
1963
Price per Sq. Ft.
$384.34
Lot Size
0.17

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Example seller's savings based on a total commission of 3.99% vs. a traditional 6%. It is subject to change based on agreement between seller and agent. More
Listing Courtesy of: Sean Rosenzweig - Marcus & Millichap
Barbara Lynn Simmons, License CALBRE 637579, Xome Inc., License CALBRE 1932600, barbara.simmons@xome.com, 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361


Based on information from Combined LA/Westside Multiple Listing Service, Inc. as of 1/26/2021. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
This content last refreshed on 1/16/2021 9:27:00 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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